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Tax cuts for commercial space owners - an equation with many unknowns

Tax cuts for commercial space owners - an equation with many unknowns

Opinion material by Andreea Vlad, Manager, Direct Taxes and Cristina Manea, Senior Consultant, Direct Taxes, Deloitte Romania

 

The series of fiscal measures implemented in the context of the COVID-19 pandemic was recently completed by the adoption of a new emergency ordinance that contains, among others, certain facilities that can benefit space owners under certain conditions. This is GEO 69/2020, which provides for the reduction of the annual tax on buildings by up to 50% for commercial spaces, the area where the market has shown that it can not support the postponement or cancellation of rent payments, according to previous regulations.

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For more information, please see the Romanian version of the article, here.

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DELOITTE ROMANIA